REG - Prosus NV Naspers Limited - Annual Financial Report

Prosus NVAnnouncement

24/06/2024 07:00

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RNS Number : 5526T  Prosus NV  24 June 2024

Prosus N.V.

(Incorporated in the Netherlands)

(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)

AEX and JSE Share Code: PRX ISIN: NL0013654783

(Prosus)

DISTRIBUTION OF ANNUAL REPORT 2024 AND UPDATE REGARDING ANNUAL GENERAL MEETING

 

Distribution of annual report 2024

Shareholders are advised that the company's annual report (including
consolidated annual financial statements) for the year ended 31 March 2024
will be available on the company's website, www.prosus.com
(http://www.prosus.com) , this morning, Monday, 24 June 2024.

 

The summarised consolidated financial statements together with additional
supporting information for the annual report will also be published on the
website, www.prosus.com (http://www.prosus.com) , together with the annual
report.

 

 

Update regarding the annual general meeting 2024

The notice of the hybrid annual general meeting, including the agenda with
explanatory notes, together with the power of attorney, will be made available
on the company's website at www.prosus.com (http://www.prosus.com) at a later
date. The annual general meeting is expected to be held at 14:00 on Wednesday,
21 August 2024.

 

Further, shareholders are advised that the company's board of directors
recommends that, holders of ordinary shares N receive a distribution of
approximately 10 euro cents, which represents an increase of approximately 43%
for free-float shareholders. Holders of ordinary shares B and ordinary shares
A1 will receive an amount per share equal to their economic entitlement as set
out in the articles of association. Furthermore, the board recommends that
those holders of ordinary shares N as at 1 November 2024 (the dividend record
date) who do not wish to receive a capital repayment, can choose to receive a
dividend instead. A choice for one option implies an opt-out from the other.
If confirmed by shareholders at the annual general meeting on 21 August 2024,
elections to receive a dividend instead of a capital repayment will need to be
made by holders of ordinary shares N by 18 November 2024. More information on
the distribution will be published in the notice of annual general meeting.

 

Capital repayments and dividends will be payable to shareholders recorded in
our books on the dividend record date and paid on 26 November 2024. Capital
repayments will be paid from qualifying share capital for Dutch tax purposes.
No dividend withholding tax will be withheld on the amounts of capital
reductions paid to shareholders. However, if holders of ordinary shares N
rather elect to receive a dividend from retained earnings, dividends will be
subject to the Dutch dividend withholding tax rate of 15%.

 

Dividends payable to holders of ordinary shares N who elect to receive a
dividend and who hold their listed ordinary shares N through the listing of
the company on the JSE will, in addition to the 15% Dutch dividend withholding
tax, be subject to South African dividend tax at a rate of up to 20%. The
amount of additional South African dividend tax will be calculated by
deducting from the 20%, a rebate equal to the Dutch dividend tax paid in
respect of the dividend (without right of recovery). Shareholders holding
their listed ordinary shares N through the listing of the company on the JSE,
unless exempt from paying South African dividend tax or entitled to a reduced
withholding tax rate in terms of an applicable tax treaty, will be subject to
a maximum of 20% South African dividend tax.

 

More information on the distribution will be published following approval at
the annual general meeting.

 

 

Amsterdam, the Netherlands

24 June 2024

 

Euronext listing agent

ING Bank N.V.

 

Euronext paying agent

ABN AMRO Bank N.V.

 

JSE Sponsor

Investec Bank Limited

 

Enquiries

 Investor Enquiries                           +1 347-210-4305

 Eoin Ryan, Head of Investor Relations
 Media Enquiries                              +31 6 15494359

 Charlie Pemberton, Communications Director

 

About Prosus

Prosus is a global consumer internet group and one of the largest technology
investors in the world. Operating and investing globally in markets with
long-term growth potential, Prosus builds leading consumer internet companies
that empower people and enrich communities.

The group is focused on building meaningful businesses in the online
classifieds, food delivery, payments and fintech, and education technology
sectors in markets including India and Brazil. Through its ventures team,
Prosus invests in areas including health, logistics, blockchain, and social
commerce. Prosus actively seeks new opportunities to partner with exceptional
entrepreneurs using technology to improve people's everyday lives.

Every day, billions of customers use the products and services of companies
that Prosus has invested in, acquired or built, including 99minutos, Airmeet,
Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Bilt, Biome Makers,
Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh, Codecademy, Collective
Benefits, Creditas, DappRadar, DeHaat, Detect Technologies, dott, EduMe,
ElasticRun, eMAG, Endowus, Eruditus, EVERY, Facily, Fashinza, Flink, Foodics,
Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi,
LazyPay, letgo, Mensa Brands, Meesho, merXu, Movile, Oda, OLX, Otodom,
OTOMOTO, Oxford Ionics, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick
Ride, Red Dot Payment, Republic, Sharebite, Shipper, ShopUp, SoloLearn, Stack
Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company,
Virgio, Vegrow, watchTowr, and Wayflyer.

Hundreds of millions of people have made the platforms of Prosus's associates
a part of their daily lives. For listed companies where we have an interest,
please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and
SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two
billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary
listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets
(PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com (http://www.prosus.com) .

 

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